Kennedy Funding Financial extends $1.65-million loan for Florida nurseries

Kennedy Funding Financial has closed a $1.65-million loan for Florida commercial nursery businesses to complete a two-site acquisition.


Kennedy Funding Financial LLC (KFF) recently closed a $1.65-million loan for Florida commercial nursery businesses to complete a two-site acquisition.

“The borrower has just purchased two large nurseries with greenhouses totaling in excess of 800,000 square feet for $2 million,” KFF CEO Kevin Wolfer said. KFF makes its headquarters in Englewood Cliffs, New Jersey. “We provided $1.65 million toward the acquisition. On a cost basis, we lent 82 percent of the purchase price.”

KFF will service the two-year, interest-only loan for Jolly Products & Services Inc. and Peckett’s Inc., operators of Round Lake Road Nursery in Apopka, Florida. Both companies plan to continue operating the properties as a nursery.

The first property is a 498,000-square-foot nursery with improvements spanning over 19 acres at 5643-5715 Round Lake Road in Apopka. The second property in the deal, at 6448 Plymouth Sorrento Road — also in Apopka — comprises 305,248 square feet on more than 22 acres.

Kennedy Funding Financial has closed over $2.5 billion in loans since 1985, helping clients by creating specially tailored funding solutions such as commercial bridge loans for acquisition, construction, land, development, workouts, bankruptcies and foreclosures.

Want to get notified whenever we write about Kennedy Funding Financial, LLC ?

Sign-up Next time we write about Kennedy Funding Financial, LLC, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Kennedy Funding Financial, LLC

More News

Metro Business Network